Total monthly cost of ownership
Cost to Own a Home in Ivanhoe, Texas
A $86,000 home here costs
$903per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $442. The real number is $461 higher every month — 104% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Ivanhoe against Tyler County and Texas
| Measure | Ivanhoe | Tyler County |
|---|---|---|
| Median home value | $85,500 | $138,400 |
| Median property tax | $1,390 | $1,428 |
| Effective tax rate | 1.626% | 1.032% |
| Median gross rent | $1,106 | $951 |
| Population | 1,619 | 20,084 |
The weather behind that power bill
Ivanhoe sits in Tyler County, which averages a high of 91.9°F in its hottest month and a low of 37.8°F in its coldest, with 59.1" of precipitation a year and 27% of it in a single three-month stretch. That climate drives 2,410 cooling and 1,916 heating degree days, which is what sets the $148 electricity line above.
See the full climate breakdown for Tyler County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Tyler County
Common questions
How much does it cost to own a home in Ivanhoe?
A $86,000 home in Ivanhoe, Texas costs approximately $903 per month with 20% down at 6.66%. That is $442 principal and interest, $117 property tax, $57 homeowners insurance, $216 utilities and $72 set aside for maintenance.
What is the property tax rate in Ivanhoe?
Ivanhoe has an effective property tax rate of 1.626%, based on a median home value of $85,500 and median real estate taxes of $1,390. That is higher than the Tyler County average of 1.032%.
What is the average home price in Ivanhoe?
The median owner-occupied home value in Ivanhoe, Texas is $85,500, against $138,400 across Tyler County.
Is it cheaper to rent or buy in Ivanhoe?
Median gross rent in Ivanhoe is $1,106 a month, against $903 to own the median home all in. Owning costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Ivanhoe — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Texas.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.